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Singapore Stock Market May Run Out Of Steam On Thursday

Singapore Stock Market May Run Out Of Steam On Thursday

The Singapore stock market has finished higher in three straight sessions, gathering almost 30 points or 0.9 percent along the way. The Straits Times Index now rests just above the 3,385-point plateau although it's likely to run out of steam on Thursday.
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Malaysia Stock Market May See Continued Selling Pressure

Malaysia Stock Market May See Continued Selling Pressure

The Malaysia stock market on Wednesday ended the two-day winning streak in which it had picked up more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,470-point plateau and it may extend its losses on Thursday.
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South Korea Shares May Head South Again On Thursday

South Korea Shares May Head South Again On Thursday

The South Korea stock market moved higher again on Wednesday, one day after snapping the two-day winning streak in which it had jumped more than 50 points or 2.3 percent. The KOSPI now rests just beneath the 2,485-point plateau although it's expected to turn lower again on Thursday.
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Australia Building Approval Data Due On Thursday

Australia Building Approval Data Due On Thursday

Australia will on Thursday release December figures for building approvals, headlining a modest day for Asia-Pacific economic activity. Approvals are expected to surge 18.5 percent after sinking 8.8 percent in November.
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Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market ended modestly higher on Wednesday, in line with most of the markets across Europe, after less hawkish comments from the Federal Reserve Chairman Jerome Powell on Tuesday.
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European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly higher on Wednesday, reacting positively to somewhat dovish comments from the Federal Reserve Chair Jerome Powell, and digesting a slew of quarterly earnings updates.
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U.S. Wholesale Inventories Inch Up In Line With Estimates In December

U.S. Wholesale Inventories Inch Up In Line With Estimates In December

Wholesale inventories in the U.S. edged slightly higher in the month of December, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories inched up by 0.1 percent in December after climbing by 0.9 percent in November. The uptick matched economist estimates.
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EBay To Lay Off About 500 Employees Or 4% Of Its Workforce

EBay To Lay Off About 500 Employees Or 4% Of Its Workforce

In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.
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Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23

Uber Q4 Profit Down; Adj. EBITDA, Revenues Climb; Sees Growth In FY23

Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ...
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